BEARISH GARTLEY PATTERN ON THE USDCHF DAILY CHART. PRICE ACTION RIGHT IN OUR KILL ZONE. DEFINITELY LOOKING TOWARDS THE SHORT SIDE.
FX:USDCHF Safe Trades; open.spotify.com
USDCHF sell on counter trend line break
FX:USDCHF on .236 retracement and downtrend line
as EMA cross and Strong Resistance at 0.9790 level Sell usdchf cmp 0.9758 sl 0.9810 TP 0.9660 alert if trader 30 pips green move sl at cost
We have a broken trendline here and currently the price is stuck in a wedge, expecting a break in the wedge to the downside. Sell only after a clear breakout. SL : 0.99536 TP : 0.97007
Price has been bouncing off the 0.9880 area for the last couple of weeks now. Finally, it has broken through. Also present is some divergence which can be seen using the MACD indicator and also the "rounding" of price. I have entered at the 0.9888 and am looking for a nice move downwards. My stop loss is just above the previous S/R area. If price pushes above...
Sunday analysis; USDCHF, as you can see there are many patterns and trendlines that cover the 1.0000 lvl. Only go short on breakout failure. So we need a close below.
uptrend is ending for the hour high are being tested the stochastic is also confirming my decision.
- Broken trend line on 4hr time frame and daily - In daily we just crossed over the overbought area in RSI - MACD about to cross in daily and it already crossed in 4hrs - Ratio so good I don't know what to do with myself. - DXY also broke a trend line to the downside, so am expecting dollar to weaken
expecting this to reverse from the area marked as possible reversal zone.. in front of 0.76 Fibo Lev. let's see and Good Luck